Lakeview Capital Partners LLC Raises Position in Amazon.com, Inc. (NASDAQ:AMZN)
Lakeview Capital Partners LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,599 shares of the e-commerce giant’s stock after acquiring an additional 37 shares during the quarter. Amazon.com makes up 1.5% of Lakeview Capital Partners LLC’s portfolio, making the stock its 11th largest holding. Lakeview Capital Partners LLC’s holdings in Amazon.com were worth $2,776,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of AMZN. Enterprise Trust & Investment Co bought a new stake in Amazon.com in the 2nd quarter valued at $27,000. Macroview Investment Management LLC increased its holdings in shares of Amazon.com by 166.7% in the 3rd quarter. Macroview Investment Management LLC now owns 16 shares of the e-commerce giant’s stock worth $28,000 after buying an additional 10 shares during the last quarter. Phocas Financial Corp. bought a new stake in shares of Amazon.com in the 2nd quarter worth about $45,000. Litman Gregory Asset Management LLC bought a new stake in shares of Amazon.com in the 2nd quarter worth about $53,000. Finally, Financial Advantage Inc. increased its holdings in shares of Amazon.com by 26.7% in the 3rd quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock worth $65,000 after buying an additional 8 shares during the last quarter. Institutional investors and hedge funds own 55.60% of the company’s stock.
In related news, CEO Jeffrey A. Wilke sold 3,475 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,773.99, for a total transaction of $6,164,615.25. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $17,739,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffrey M. Blackburn sold 7,144 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $1,791.40, for a total transaction of $12,797,761.60. Following the sale, the senior vice president now directly owns 56,011 shares in the company, valued at $100,338,105.40. The disclosure for this sale can be found here. Insiders sold a total of 22,747 shares of company stock worth $40,737,808 over the last ninety days. Insiders own 16.10% of the company’s stock.
Amazon.com stock traded down $2.32 during trading hours on Friday, hitting $1,785.88. The company had a trading volume of 2,123,300 shares, compared to its average volume of 4,016,732. The company has a 50-day moving average price of $1,759.09 and a two-hundred day moving average price of $1,840.01. The firm has a market cap of $893.28 billion, a P/E ratio of 88.67, a P/E/G ratio of 3.20 and a beta of 1.56. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.84 and a current ratio of 1.10. Amazon.com, Inc. has a 1 year low of $1,307.00 and a 1 year high of $2,035.80.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing the consensus estimate of $4.46 by ($0.23). The business had revenue of $69.98 billion during the quarter, compared to analysts’ expectations of $68.72 billion. Amazon.com had a net margin of 4.27% and a return on equity of 22.52%. The firm’s revenue was up 23.7% on a year-over-year basis. During the same period last year, the company earned $5.75 earnings per share. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 20.52 EPS for the current year.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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